Solid February performance in UK LCV sector
7th March 2016
The latest figures from the Society of Motor manufacturers and Traders (SMMT) have highlighted the ongoing strength of the UK's light commercial vehicle (LCV) sector.
According to the SMMT's data for February, the nation's new van sector last month managed to maintain the position that was recorded in February 2015, which was itself a seven-year high for the market.
In total, 13,891 new LCVs were registered in February across the UK, with the result all the more impressive given the fact that February is traditionally among the quieter months of the year for new van registrations.
Broken down by manufacturer, Ford maintained its position at the top of the UK LCV rankings last month, with a result that was almost three times that of its closest competitors:
- Ford (4,467)
- Vauxhall (1,512)
- Volkswagen (1,445)
- Peugeot (1,312)
- Citroen (1,220)
Furthermore, the results showed a marked shift in consumer appetite towards heavier LCV models so far this year, with growth of 6.2 per cent in the LCV 2.5-tonne to 3.5-tonne category.
Responding to the latest figures, SMMT chief executive Mike Hawes said: "After a record-breaking year for new van registrations in 2015, it was inevitable that such rapid growth would level off.
"The market's performance so far this year is in line with expectations, and although further stabilisation is expected over the coming months, this is a sector in good health – with February's figures still at high levels."back